Mexico’s America Movil Launches Latest Global Peso Bond Deal

America Movil is returning to debt markets with a five-year peso bond, on the same day that the local central bank is expected to start an easing cycle that may undermine the peso.

Latin America’s biggest mobile and fixed-line provider, controlled by billionaire Carlos Slim, on Thursday launched the sale of 20 billion pesos ($1.19 billion) in notes in Mexican and overseas bond markets, according to a filing. They may yield about 95 basis points above the corresponding peso government bond, per initial price talks, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak on the record.